The Figure Given Below Shows the Aggregate Demand and Supply

question 52

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7

-Firms that have downward-sloping demand curves:

• A)earn positive economic profits even in the long run.
• B)produce homogeneous products.
• C)operate in a perfectly competitive market structure.
• D)enjoy monopoly or market power.
• E)are price takers.

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